Orano signs a contract with the Czech electric utility ČEZ for the supply of uranium enrichment services pg. 3
CEZ improves ESG rating and moves into the top 25% of globally rated energy companies
CEZ Group has improved its ESG rating with Morningstar Sustainalytics, one of the world's leading agencies focused on assessing companies from a sustainability perspective. Thanks to a 7.6 point shift, CEZ now ranks among the top quarter of global energy companies best rated by the agency. For investors, banks, or insurance companies, the ratings serve as confirmation that CEZ Group is meeting its ambitious sustainable goals and so can, for example, obtain better financing for its projects.
21. 7. 2023
CEZ Opens First Line of Credit Tied to ESG Rating
A more favourable interest rate in the case of a better sustainability rating - this is the basic condition of a new line of credit that the largest Czech energy company is opening with UniCredit Bank. For CEZ, this is the first-ever LOC tied to an ESG rating. CEZ Group recently ranked among the top 15% of publicly traded companies globally in ESG, and its ESG rating is continuously improving.
21. 6. 2023
In Q1, CEZ Group earned CZK 10.8 billion, almost 60 percent less year-on-year. The ČEZ Board of Directors proposes a record dividend of CZK 117 per share.
Its EBITDA in Q1 reached CZK 32.5 billion. The year-on-year decrease of CZK 11.1 billion was mainly due to extraordinary profits of over CZK 10 billion in 2022. This is due to the extreme increase and fluctuations in commodity prices following Russia's military invasion of Ukraine, the implemented liquidity measures and record profits from commodity trading last year. Net income in Q1 reached CZK 10.8 billion, a year-on-year decrease of CZK 15.9 billion. Beyond the decrease in operating profit, the newly introduced windfall profits tax of 60% had a major impact. CEZ Group specified its financial outlook for the entire year 2023: An EBITDA of CZK 105 to 115 billion and a net income of CZK 33 to 37 billion. The ČEZ Board of Directors approved the dividend proposal in a record amount of CZK 117 per share and set the date for the Annual Shareholder’s Meeting at June 26, 2023 in Prague. If the proposed dividend is approved by the Annual Shareholders’ Meeting, CEZ Group will pay more than CZK 100 billion to the Czech state this year in dividends, income taxes and levies from excessive production sales.
11. 5. 2023
ČEZ Group earned over CZK 80 billion in 2022, will pay more than CZK 100 billion to the Czech State this year
Operating profit before depreciation (EBITDA) reached CZK 131.6 billion in 2022 and a net profit of CZK 80.7 billion. The significant year-on-year increase reflects the enormous rise in prices as a result of the Russian invasion of Ukraine, the record profit from commodity trading on foreign markets and the high operational reliability of ČEZ power plants. In addition, the ČEZ Group contributed to resolving the energy crisis and proved that it is a reliable, socially responsible partner. In 2023, it will pay more than CZK 100 billion to the Czech State in dividends, income taxes and levies on production sales. The economic outlook for 2023, including newly introduced taxation, was already published by ČEZ Group in February: EBITDA in the amount of CZK 105 to 125 billion and net profit adjusted for extraordinary effects of CZK 30 to 40 billion.